SpaceX President Donates One Share of Stock Each to Two Million Children, Totaling $490 Million

Gwynne Shotwell: "We Have Been Very Fortunate"

Priority Support for Low-Income Children in Central Texas

Gwynne Shotwell, President of SpaceX, has donated one share of stock each to two million children in the United States.

Gwynne Shotwell, Chief Operating Officer (COO) of SpaceX, is delivering a speech at the Nasdaq Stock Market in New York, USA, on the first trading day after the company's initial public offering (IPO) on the 12th of last month (local time). Photo by AFP

On the 9th (local time), Shotwell announced on social media platform X that she and her husband participated in the "Invest America" program and donated one share of SpaceX stock to the "Trump Accounts" of two million American children.

Invest America is an investment support program launched by the administration of U.S. President Donald Trump to help future generations build assets. Under the program, if a so-called "Trump Account" is opened in the name of a child born between January 1, 2025, and December 31, 2028, the federal government provides an initial investment of $1,000.

Parents are allowed to make additional deposits to the account, but withdrawals cannot be made until the child turns 18. Investments from this account can be made in index funds such as the S&P 500 or exchange-traded funds (ETFs), but individual stock purchases are prohibited.

So far, it is known that more than six million children have enrolled in Trump Accounts. Shotwell stated, "With this donation, children aged 11 to 17 from low-income families in the central Texas region where we live will be given priority," adding, "We have been professionally very fortunate." She also expressed her gratitude to everyone who worked to make this remarkable program a reality.

President Trump praised the Shotwell couple in a post on Truth Social, saying, "Thank you to the Shotwell family for their generous support for the American Dream of our children." The shares donated by Shotwell are said to be worth $325 million (490 billion won).

Michael Dell, founder of the U.S. computer manufacturer Dell, also praised the Shotwell couple’s donation, saying, "This will instill a sense of ownership in the next generation, letting them know the future belongs to them." Previously, the Dell couple announced a donation of $6.25 billion (944 billion won) to provide investment funds for 25 million children under the age of ten who were born before January 1, 2025, and thus are not eligible for the Trump Account.

This content was produced with the assistance of AI translation services.